Electric car subscription service Onto raises £100 million (nearly €114 mn) from global investment group CDPQ and asset manager Pollen Street. This will enable Onto to expand the UK fleet; however, internationalisation appears to be on the back burner. The company writes that the £100 million asset-backed facility announced today will enable Onto to continue […] More…
Tesla teases product roadmap March 1: Robovan, Cyberwagon, Model 2?
Tesla has a number of other future products under development, it teased on Wednesday, as part of its quarterly update for investors. And while there’s no guarantee we’ll get an update on persistent rumors like the affordable Model 2, some of those upcoming products may be revealed as part of a March 1 Investor Day. With scaled-up Semi… More…
Renault to offer retrofits for its most iconic cars to turn EV
Renault is taking its circular approach to electric vehicles further as it will offer to retrofit the classic Renault 4 and 5 as well as the first-generation Twingo cars. The kits come from R-FIT, a brand belonging to oldtimer specialist MCC Automotive. The three retrofitted models will be on show at the Renault booth at […] More…
Electra Presents The Hip And Stylish 7D EQ Step-Over E-Bike
Underneath its retro styling, the 7D EQ is a modern marvel that won’t break the bank. More…
Fabrice Cambolive to take over as CEO at Renault
On 1 February 2023, Fabrice Cambolive will assume responsibility as CEO of the Renault brand. Until now, Renault Group CEO Luca de Meo had also headed the brand in personal union. Cambolive’s main task will be to organise the upcoming EV offensive. The 54-year-old has been with the Renault Group since 1992 and most recently […] More…
Tesla Insurance Data Drive Vehicle Design And Software Changes: Musk
CEO says the automaker gains valuable Tesla Insurance feedback that helps it minimize the cost of repair for its vehicles. More…
Koji Sato to take over as Toyota’s new CEO
Toyota has announced a change at the top of the group. Koji Sato, previously president of the Lexus brand and the motorsport subsidiary Gazoo Racing, will become Toyota’s new president and CEO on 1 April 2023, replacing Akio Toyoda in this role. The grandson of group founder Kiichiro Toyoda will take over as chairman of […] More…
GM to switch from pouch to round battery cells
General Motors reportedly wants to switch from pouch to round cells in future electric models. According to a media report, the change in cell format is also the reason why GM and LG Energy Solution apparently do not pursue their plan for a fourth joint US battery cell plant. This is reported by TheElec with […] More…
Tesla’s FSD Beta Now Active In 400,000 Cars In US And Canada
That’s an impressive increase of 250 percent over the 160,000 users reported in September 2022. More…
Emulator hands power back to grid
Keysight Technologies has updated its regenerative DC emulator to support higher power up to 270 kW for powertrain testing (writes Nick Flaherty). The Scienlab SL1800A Series regenerative DC emulator enables engineers to emulate the large batteries in EVs. The bidirectional power flow allows emulation of power sourcing applications such as traction inverter tests, as well as […] More…
Tesla Cybertruck Will Debut With Hardware 4, Says Elon Musk
The upcoming all-electric pickup truck will be the first Tesla model to get the upgraded computer. More…
Acura To Sell Its EVs Exclusively Online In A Bid To Modernize Its Business
The brand’s first electric vehicle, the 2024 ZDX, will be the first to benefit from this strategy. More…
Tesla Plans Further Cost Cuts Amid “Macroeconomic Uncertainty”
The statement comes after massive price cuts in its lineup, and some investors are worried. More…
Elon Musk: Tesla Cybertruck Will Enter Production This Summer
Limited units will be available at first, with a ramp-up expected for 2024. More…
Tesla’s Nevada Gigafactory expansion: Batteries for 1.5M EVs annually
Tesla has confirmed a $3.6 billion expansion of its Nevada battery “Gigafactory” that the company claims will supply over one million EVs annually. The investment will add 3,000 new jobs and two new factories at the Sparks, Nevada, site, Tesla said in what reads as a press release—with a few more details confirmed as part of Tesla’s… More…
Tesla doubles profit over 2022, takes aim for 1.8 million vehicles in 2023
Tesla more than doubled its profit to 12.6 billion dollars in 2022. In addition to several financial records at quarterly and annual levels, two news bits are notable in the annual report: the cyber truck is to go into production before the end of 2023 and Tesla is preparing a “next-generation vehicle platform”. Tesla delivered […] More…
Tesla Q4 2022 Earnings Report: Profitable Yet Again
Another positive quarter for Tesla is in the books. More…
New Photo Reveals Tesla Semi’s Massive Battery System
It’s estimated that its capacity might be around 900 kilowatt-hours. More…
VW Brand Design Boss Replaced Over Claimed EV Differences With CEO
Jozef Kaban was reportedly asked by VW brand’s CEO to change the Project Trinity flagship sedan into a crossover, rework the ID.2. More…
Toyota And BMW Called Out For Misleading Ads And Anti-Climate Lobbying
Artists and activists work together to hack and replace some 400 billboards in 14 European cities. More…
